Medco Energi sets up USD 370 million of capex in 2023
09 Feb 2023 16:49
PT Medco Energi Internasional Tbk (MEDC) prepares a capital expenditure (capex) worth USD 370 million or approximately IDR 5.59 trillion in 2023.
Unilever’s net profit shrank 6.9% yoy in 2022
09 Feb 2023 16:30
PT Unilever Indonesia Tbk (UNVR) booked a net profit of IDR 5.35 trillion in 2022, declining 6.9% year-on-year (yoy), or compared to the same period last year.
State-owned enterprises assemble to form logistics company
09 Feb 2023 15:45
Six state-owned enterprises (BUMN) team up to establish a joint venture named PT Karya Logistik Nusantara (KLN).
Forbes names 3 richest in Indonesia’s media & entertainment industry
09 Feb 2023 15:16
Who holds all the money in the media and entertainment industry today? Forbes list three renowned tycoons in said industry out of the Top 50 Billionaires.
WTR injects capital in Waskita Sriwijaya Tol
09 Feb 2023 14:20
PT Waskita Sriwijaya Tol (WST) received additional capital of IDR 462.61 billion from its parent, PT Waskita Toll Road (WTR). WTR is a subsidiary of PT Waskita Karya (Persero) Tbk (WSKT) with a portion of 92.53%.
Krakatau Steel Infrastruktur prepares for IDR 3 trillion stock market debut
09 Feb 2023 13:26
PT Krakatau Sarana Infrastruktur (KSI), is currently drafting plans for an initial public offering or IPO on the Indonesia Stock Exchange (IDX). A subsidiary of PT Krakatau Steel (Persero) Tbk. (KRAS), the target is to raise funds of up to US$ 200 million or IDR 3 trillion (exchange rate of IDR 15,000/dollar).
Indonesian govt eyes IDR 23 trillion in next week's SUN auction
09 Feb 2023 12:54
The Indonesian government once again holds a Government Bond (SUN) auction on Tuesday (14/2) next week, with an indicative target of IDR 23 trillion.
Suparma purchases land from president commissioner to increase warehouse capacity
09 Feb 2023 12:41
PT Suparma Tbk (SPMA), a pulp & paper company, has purchased 1,174 square meters of land located in Tangerang, Banten.
BCA versus BRI
09 Feb 2023 12:14
PT Bank Central Asia Tbk (BBCA) and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) are in tight competition. From the aspect of market capitalization (market cap), BBCA is in the top place, but in terms of credit distribution, BRI is the winner.
BRI disbursed IDR 990.95 trillion throughout 2022
09 Feb 2023 10:33
PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) managed to channel IDR 990.95 trillion of credits throughout 2022.
